Stock Markets June 16, 2026 12:00 PM

Helsinki market edges down as telecoms, utilities and tech weigh on OMX Helsinki 25

OMX Helsinki 25 slips 0.08% at Tuesday close as mixed sector performance leaves more decliners than gainers

By Nina Shah
Share
Twitter Reddit Facebook LinkedIn

Finland's main index closed marginally lower on Tuesday, with losses concentrated in the Telecoms, Utilities and Technology sectors. The OMX Helsinki 25 ended the session down 0.08% as winners including Nokian Renkaat and Wartsila contrasted with declines in Nokia, Qt Group and Elisa. Market breadth favored decliners and commodity markets showed notable weakness in crude oil prices.

Helsinki market edges down as telecoms, utilities and tech weigh on OMX Helsinki 25
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • OMX Helsinki 25 closed down 0.08% at the Tuesday session close.
  • Top gainers included Nokian Renkaat, Wartsila and Metso; notable decliners were Nokia, Qt Group and Elisa.
  • Market breadth favoured falling stocks, with 103 losers, 70 winners and 19 unchanged; commodity markets saw sharp declines in crude oil prices whilst gold in August futures ticked slightly higher.

Helsinki - Finland's benchmark index finished slightly lower at the close on Tuesday, pressured by declines in several economically sensitive sectors. At the close of trading in Helsinki the OMX Helsinki 25 fell 0.08%.

The session saw a split between individual winners and losers. The top performers on the OMX Helsinki 25 were Nokian Renkaat Oyj (HE:TYRES), which gained 3.93% or 0.48 points to finish at 12.68; Wartsila Oyj Abp (HE:WRT1V), up 2.76% or 0.90 points to 33.54; and Metso Oyj (HE:METSO), which rose 1.36% or 0.21 points to close at 15.68.

On the downside, Nokia Oyj (HE:NOKIA) led losses among the headline names, dropping 4.15% or 0.52 points to close at 12.02. Qt Group Oyj (HE:QTCOM) declined 3.14% or 0.76 points to end at 23.48, while Elisa Oyj (HE:ELISA) fell 2.32% or 0.92 points to 38.82 at the close.

Market breadth on the Helsinki exchange favoured decliners, with 103 stocks falling against 70 advancers and 19 unchanged.

There was a notable milestone in the session: shares of Nokian Renkaat rose to a three-year high, gaining 3.93% to reach 12.68.


Commodities and currencies

Commodity markets showed meaningful moves during the trading day. Brent oil for August delivery decreased 5.03% or $4.18 to trade at $78.99 a barrel. U.S. crude for July delivery fell 5.83% or $4.71 to $76.04 a barrel. In precious metals, the August Gold Futures contract was up 0.09% or $3.95, trading at $4,355.55 a troy ounce.

Currency pairs cited in the session moved little from the levels reported: EUR/USD was reported unchanged at 1.16 with a 0.22% figure attached, and EUR/GBP was listed unchanged at 0.86 with a 0.02% figure. The US Dollar Index Futures was reported down 0.14% at 99.24.


This close reflects a day in which gains among certain industrial and machinery names were offset by declines in telecom and technology-related stocks, leaving the headline OMX Helsinki 25 marginally in the red.

Risks

  • Weakness in energy prices - crude oil benchmarks (Brent and U.S. crude) fell notably, which can affect energy-related sectors and companies with exposure to fuel cost dynamics.
  • Tech and telecom sector declines - falls in names such as Nokia, Qt Group and Elisa point to sector-specific downward pressure that could affect overall market sentiment.
  • Narrow index movement - the small decline in the OMX Helsinki 25 amid uneven sector performance indicates potential volatility and sensitivity to single-stock moves and sector swings.

More from Stock Markets

Framework for Iran Pact Includes $300 Billion Private Investment Vehicle, Source Says Jun 16, 2026 Stocks See Wide Swings; SpaceX, Moderna Rally While Intel and Planet Labs Slip Jun 16, 2026 Cyber extortion group claims theft of more than 1TB from Novo Nordisk, says $25 million demand was refused Jun 16, 2026 Moderna Stock Advances After FDA Staff Report Backs mFlusiva Data Jun 16, 2026 Apollo Exit Highlights Rising M&A Activity in U.S. Private Golf-Club Market Jun 16, 2026